Download or read book Variables Affecting Working Capital Management of Tata Motors written by Nitin Untwal and published by . This book was released on 2020 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, several factors contribute to the working capital management are difficult to examine. Data collected on these factors often has several variables. It is a non-trivial exercise to determine which of the factors that significantly influences the working capital. This paper adopts the use of Principal Component Analysis (PCA) on the several variables expected to influence the working capital management of Tata Motors. The principal component analyses have identified the factors and are expected to assist the mangers to identify areas where they might improve financial performance of their operation. Finally the variables ROA, DTO, ITO, CSR, CR are having communalities greater than 0.5 are incorporated and Each variable is loaded on a single component, thereby enhancing the interpretability of the factors. The variables can be broadly classified in to four viz, profitability (ROA), efficiency (DTO and ITO), absolute liquidity(CSR) and liquidity factor(CR). The above identified variables can be used for multiple regression analysis.
Download or read book Working Capital Management and Its Impact on the Profitability of Tata Motors written by Mubashir Hassan and published by . This book was released on 2018 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper attempts to investigate the impact of working capital management on the profitability of Tata Motors using cash conversion cycle as an important determinant to find out the important linkages between the variables under study. The paper seeks to extend Lazaridis and Tryfonidis's findings regarding the relationship between working capital management and profitability. The study is based on secondary data obtained from published annual reports of Tata Motors and Indian Brand Equity Foundation for a period of five (05) years from 2013 to 2017.This paper aims to establish twin objectives of finding out a statistically significant relationship between variables under study and to help explain the necessity of firms optimizing their level of working capital management and maintaining enough liquidity as it affects the profitability. The result of this study clearly shows significant level of relationship between the profitability indices as well as working capital components. The data have been analysed using SPSS (ver.16.0) for generating better reliability of the results.
Download or read book A Study On Working Capital Management at Tata Motors written by Sathya Yadav and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working Capital is regarded as lifeblood of a business. A study of working capital is of major importance to internal and external analysis because of its close relationship with the day-to-day operations of a business. The inadequacy or mismanagement of working capital is the leading cause of business failures. The goal of working capital management is to ensure that the firm is able to continue its operation ad that it has sufficient cash flow to satisfy both maturing short term debt and upcoming operational expenses. The major objective of this study is to understand the working capital management of Tata Motors and to suggest remedial measures to overcome the shortfalls if any. This was done through exploratory research method using the analysis of annual reports of the company.
Download or read book A Study of Working Capital Management in Tata Motors LTD written by Dr. Yashodhan Mahajan and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The management of current assets is similar to the management of long term assets in the sense that the both the cases a firm analyses their effects on its return and risk. The management of long term and current assets, however, differs in three important ways: first, in managing long term assets' time is a Very important factor' consequently discounting and compounding techniques play a significant role in capital budgeting and a minor one ln the management of current assets, second, the large holding of current. Assets' especially cash, strengthens the firms liquidity position, but are also reduce the overall profitability Thus a risk return trade off is involved in holding current assets. Third, levels of fixed as well as current asset depend upon expected sales but it is only current assets that can be adjusted with sales fluctuations in the short run. Thus the firm has a greater degree off flexibility in managing the current assets.
Download or read book Working Capital Management written by A. Vijay Kumar and published by Northern Book Centre. This book was released on 2001 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of working capital is of major importance to internal and external analysis because of its close relationship to current day-to-day business. In fact, the study of working capital management needs special attention for the efficient working and survival of a business. It has been often observed that the shortage of working capital leads to the failure of a business. The proper management of working capital may bring about the success of a business firm. To run the business smoothly and to meet the day-to-day operational requirements, working capital funds are very essential. With this background in view, the present study was undertaken for a proper insight into the Management of working capital in the sugar industry. The book provides multidirectional and multidimensional investigation of various aspects of working capital management. The book discusses all the important aspects in a systematic manner. Apart from its extensive coverage and lucid presentation, the strength of the book lies in its Indian background. This book will be of immense use particularly to University and College teachers, Chartered Accountants, Company Secretaries, M.Com. B.Com., and MBA students and other professional courses. In addition, it would be a useful reference book for researchers and Financial Managers.
Download or read book Working Capital Management written by Bhalla V.K. and published by S. Chand Publishing. This book was released on 2014 with total page 916 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working Capital Management: An Overview 2. A Valuation Framework 3. Working Capital Policies 4. Cash Management Systems: Collection Systems 5. Cash Management Systems: Cash Concentration Systems 6. Cash Management Systems: Disbursement Systems 7. Forecasting Cash Flows 8. Corporate Liquidity And Financial Flexibility 9. Cash Management Optimisation Models 10. Receivables Management: Trade Credit 11. Receivables Management: Credit Granting Decisions 12. Monitoring Accounts Receivables 13. Payables Management And Instruments Of Short-Term Financing 14. Inventory Management 15. Programming Working Capital Management 16. Integrating Working Capital And Capital Investment Processes 17. Monetary System 18. Money Market In India 19. Banking System In India 20. Working Capital Control And Banking Policy ..... 27. Managing Short-Term International Financial Transactions Appendices Index
Download or read book Taxmann s Working Capital Management Comprehensive Authentic book along with Points to Remember Graded Illustrations Objective Multiple Choice Questions Assignments Problems Case Studies written by Dr. R.P. Rustagi and published by Taxmann Publications Private Limited. This book was released on 2021-04-26 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive & authentic book on βWorking Capital Managementβ. This book aims to fulfill the requirement of students of MBA/M.Com./PGDM/CFA & other Postgraduate Courses in Commerce and Management. This book aims to fill the gap between theory and practice of working capital management. The finance managers will find the text worthwhile in their pursuit of updating the knowledge about current thinking & developments taking place in the area of working capital management. The Present Publication is the Reprint 2021 Edition, authored by Dr. R.P. Rustagi, with the following noteworthy features: β’ The subject-matter is presented in a simple, systematic method along with comprehensive explanation of the concept and theories underlying working capital management. The book tries to present the subject-matter in a non-mathematical and non-technical way β’ [Student-Oriented Book] This book has been developed, keeping in mind the following factors: π Interaction of the author/teacher with his/her students in the class-room π Shaped by the author/teachers experience of teaching the subject-matter at different levels π Reaction and responses of students have also been incorporated at different places in the book β’ [Illustrations & Diagrams] are used to explain the concepts for a clear understanding of the subject-matter β’ [Practices Prevailing in India] have been referenced throughout the text β’ [300+ Objective Type & Multiple Choice Questions] are given at the end of different Chapters β’ [200+ Examples & Graded Illustrations] have been incorporated throughout the book β’ Question appeared in Latest Question Papers have been incorporated at appropriate places β’ [Real Life Case Studies] have been incorporated on various aspects of Working Capital Management β’ Incorporates separate chapters on Funds Flow Statement, Cash Flow Statement and Bank Finance for Working Capital Requirement The detailed contents of the book are as follows: β’ Working Capital | Planning and Estimation π Working Capital | Introduction π Working Capital | Operating Cycle π Working Capital | Estimation and Calculation β’ Measurement and Analysis of Liquidity π Measuring Liquidity | Ratio Analysis π Working Capital Flow | Funds Flow Statement π Analysing Liquidity Flow | Cash Flow Statement β’ Current Assets Management π Management of Cash and Marketable Securities π Receivables Management π Inventory Management β’ Working Capital Financing π Financing of Working Capital and the Banking Policy β’ Case Studies in Working Capital Management π Okara Foods & Beverages Ltd. π Indo-Swiss Watches Ltd. π Aeron Adventures Ltd. π Price Waterhouse Consultancy and Allied Services π Dataware Computer Ltd. π Kamat Engineering Works Ltd. π Viptanu Housing Infrastructure Ltd. π Good Apparels Ltd.
Download or read book Working Capital Management written by Krish Rangarajan and published by Excel Books India. This book was released on 2006-08 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Working Capital Management And Control Principles And Practice written by Satish B. Mathur and published by New Age International. This book was released on 2007 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Comprehensive Text Systematically Explains The Various Principles, Policies And Methods Involved In Efficient Management Of Working Capital. The Indian Context Is Emphasised Throughout.The Book Provides An Indepth Analysis Of Such Critical Issues As * Assessment Of The Level Of Working Capital * Methods Of Financing * Control Over The Use Of FundsThe Book Discusses Both Fund Based And Non-Fund Based Working Capital Finance. It Also Explains Export, Information Technology And Software Industry Financing.The Book Presents Several Real Life Cases To Illustrate The Various Principles And Techniques.Each Chapter Ends With A Summery Providing A Quick And Useful Review Of The Chapter. Several Questions And Problems Are Also Included Throughout The Book For Self-Test.The Book Is An Ideal Text For Management And Commerce Students. It Would Also Serve As An Extremely Useful Reference Source For Practising Professionals And Consultants In The Finance And Banking Sectors.
Download or read book Working Capital Management written by N.K. Jain and published by APH Publishing. This book was released on 2004 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Working Capital Management Concepts And Strategies written by H Kent Baker and published by World Scientific. This book was released on 2023-03-21 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working capital refers to the money that a company uses to finance its daily operations. Proper management of working capital is critical to financial health and operational success. Working capital management (WCM) aims to maximize operational efficiency by maintaining a delicate balance among growth, profitability, and liquidity. WCM is a continuous responsibility focusing on a firm's day-to-day operations involving short-term assets and liabilities. By efficiently managing a firm's cash, accounts receivable, inventories, and accounts payable, managers can help maintain smooth operations and improve a company's earnings and profitability. By contrast, poor WCM could lead to a lower credit score, financial insolvency, legal troubles, liquidation of assets, and potential bankruptcy.This book provides an objective look into the dynamic world of WCM. Its coverage extends from discussing basic concepts and their applications to increasingly complex and real-world situations. The book stresses that WCM is a combination of both art and science. This volume spans the gamut from theoretical to practical while offering the right balance of detailed and user-friendly coverage. Readers can gain an in-depth understanding of this subject from experts in this field. Those who want a broad survey will benefit, as will readers looking for more in-depth presentations of specific areas within this field of study. In summary, Working Capital Management: Concepts and Strategies provides a fresh look at this intriguing but often complex subject of WCM.
Download or read book Impact of Working Capital Management on Profitability A Case Study of ACC Ltd written by CMA(Dr.) Ashok Panigrahi and published by . This book was released on 2013 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study empirically examines the relationship between working capital management and profitability of ACC Cement Company, the leading cement manufacturer of the country for assessing the impact of working capital management on profitability during the period 1999-2000 to 2009-10. The impact of working capital management on profitability is analyzed by computing Pearson's simple correlation coefficients, multiple correlation analysis and multiple regression analysis between Operating Profit and the selected independent variables affecting the working capital. The 't' test has been used to judge whether the computed correlation and regression coefficients are significant or not. Few variables show a strong and positive correlation with the profit whereas some others do not have. Hence, the result concludes that there is a moderate relationship between working capital management and firm's profitability. It can be said that there exists a relationship between the efficiency of working capital and the profitability, but the relationship is not statistically significant.
Download or read book Impact of Working Capital Management on Profitability written by rafathunnisa Syeda and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The success of any business depends on its profitability, liquidity, and solvency. Liquidity plays an important role in the successful running of a business. Many prior studies have been conducted to measure the relationship between working capital and profitability. The results showed that the high investment in inventories and receivables is associated with lower financial performance. They found a negative relationship between Return on Assets and Inventory turnover and Cash conversion cycle the present study is designed to know the direct impact of working capital on profitability by choosing the days of collection, days of payment, days inventory converts to sales and finally the cash conversion cycle. This study examines the association between the profitability and working capital using the data of 15 US trading companies for the period of 2015 to 2019. The key points in this study are firstly there exists a negative relationship between the profitability and the average collection period, the lower the average collection period higher will be the profitability, indicating that a decrease in the number of days a firm receives payment from sales affects the profitability of the firm positively. Secondly there is a highly significant positive relationship between average payment period and profitability. This implies that the longer a firm makes the payment to its creditors, the more profitable it is. Thirdly the cash conversion cycle decreases it will lead to an increase in profitability of the firm, and managers can create a positive value for the shareholders which indicates that it has been maintained. The regression analysis showed the value for the R-squared in the model is 0.584, i.e., 58.4% of the variation in the dependent variable Net Profitability is explained by the independent variables.
Download or read book Working Capital Management written by Bhavesh P. Chadamiya and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial needs of a modern enterprise may be classified into two categories: fixed capital and working capital. Fixed capital includes land and buildings, plant and machinery, and tools and implements. The requirement of finance to purchase fixed capital is essentially long-term in nature. Working capital, short-term in nature, is required to purchase raw materials and meet day-to-day administrative and other such expenses. The efficient handling of working capital plays a crucial role in the successful functioning of a business enterprise. Working capital facilitates the utilization of capacities created by fixed capital. Sound working capital management, by optimizing the use of funds, enhances profitability. It improves liquidity by focusing attention on flow of funds through proper management of cash, receivables, inventories, and short-term sources of funds. While efficient working capital management can do much to ensure the success of a business, its inefficient management can lead not only to loss of profits, but also to ultimate downfall of what otherwise might be considered as a promising concern. This book provides a comprehensive account of different aspects of working capital management, including, inter alia, size and adequacy of working capital, structure and efficient utilization of working capital, as well as financing pattern of working capital and factors influencing investment in working capital.
Download or read book The Impact of Working Capital Management on Firm S Profitability Listed in Psx written by Farheen Ramsha and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working capital management deals with the balance of current assets and liabilities. Working capital management maximizes the level of firms to an optimal value. With time evidence has shown a significant impact of working capital on the performance of firms. Working capital management addresses the management of companies' short-term capital and the objective of working capital management is to endorse satisfying profitability and minimize liabilities.Hence, the study examines the impact of working capital management on automotive manufacturing firms listed on the Pakistan Stock Exchange for the period 2007-2016. Profitability was measured by the performance of the firms by the rate of return on assets as the dependent variable. The cash conversion cycle, average payment period, inventory conversion period, and average collection period determined the working capital of the firms as independent working capital variables. Moreover, the control variable is firm size.The data was examined using EViews (version 10). The finding reveals that the average collection period, inventory conversion period, average payment period, and cash conversion cycle have an insignificant negative relationship with profitability. In the case of firm size, its relationship with profitability is positively significant. The value of R square reveals that our model is capturing 58% variation from independent and control variables. The value of F statistics indicates that our model is well fitted. In general collection payments from customers earlier and paying suppliers longer, keeping the product in stock less time, are all related to positive performance. Therefore, managers can increase a firm's profitability by improving the performance of management of working capital components. The study in this case is done with delicate methods and proper sample models taken from verified sources.
Download or read book Working Capital Management written by V. E. Ramamoorthy and published by Madras : Institute for Financial Management and Research ; Bombay : distributors, Vora. This book was released on 1976 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the Indian context.
Download or read book Determinant Factors and Working Capital Requirments written by Muhammad Mehtab Azeem and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the following learning outcomes: Concepts of Working Capital Management; Importance and background of Working Capital Management; Background of non-financial sectors in Pakistan; Objectives and Scope of study; Literature Review; Research Methodology with reference to non-financial institutions in Pakistan; Empirical results and findings of research analysis on manufacturing firms in Pakistan; Conclusion of the Project; (An attempt has been made in present study to investigate the factors determining the working capital management requirements in manufacturing sectors of Pakistan with 385 sample firms over the period of 2004-2009. These determinants include both from external and internal factors. From internal factors, the most prominent are operating cycle, return on assets, operating cash flow, leverage, size and sales growth while level of economic activity in a country is taken as important external factor. The main purpose of this independent research project is to help and promote high quality theoretical, empirical and applied research in the analysis, management and control of working capital requirements.
